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Here is a current overview of the best yielding stocks with a market capitalization over USD 2 billion that have their ex-dividend date on the next trading day. So if your broker settles your trade today, you will receive the next dividend. A full list of all stocks with ex-dividend date can be found here: Ex-Dividend Stocks June 20, 2012. In total, 17 stocks and preferred shares go ex-dividend, of which 8 yield above 3 percent. The average yield amounts to 4.56 percent.

The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its ex-dividend date or later, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. It is important that your broker settles your trade before the ex-dividend date.

These are the results of the best yielding stocks:

Two Harbors Investment (NYSE:TWO) has a market capitalization of USD 2.26 billion and operates within the "REIT - Residential" industry. These are the market ratios of the company: P/E Ratio: 10.07, Forward P/E Ratio: 6.15, P/S Ratio: 8.47, P/B Ratio: 1.09, Dividend Yield: 15.14%.

Pengrowth Energy Corporation (NYSE:PGH) has a market capitalization of USD 2.22 billion and operates within the "Oil & Gas Drilling & Exploration" industry. These are the market ratios of the company: P/E Ratio: 28.79, Forward P/E Ratio: 345.50, P/S Ratio: 1.96, P/B Ratio: 0.78, Dividend Yield: 11.85%.

Piedmont Natural Gas (NYSE:PNY) has a market capitalization of USD 2.32 billion and operates within the "Gas Utilities" industry. These are the market ratios of the company: P/E Ratio: 21.51, Forward P/E Ratio: 18.03, P/S Ratio: 1.98, P/B Ratio: 2.18, Dividend Yield: 3.72%.

Covanta Holding Corporation (NYSE:CVA) has a market capitalization of USD 2.24 billion and operates within the "Waste Management" industry. These are the market ratios of the company: P/E Ratio: 29.73, Forward P/E Ratio: 24.49, P/S Ratio: 1.35, P/B Ratio: 2.20, Dividend Yield: 3.60%.

Staples (NASDAQ:SPLS) has a market capitalization of USD 8.78 billion and operates within the "Specialty Retail, Other" industry. These are the market ratios of the company: P/E Ratio: 9.10, Forward P/E Ratio: 7.96, P/S Ratio: 0.35, P/B Ratio: 1.24, Dividend Yield: 3.45%.

Iron Mountain (NYSE:IRM) has a market capitalization of USD 5.66 billion and operates within the "Business Software & Services" industry. These are the market ratios of the company: P/E Ratio: 29.02, Forward P/E Ratio: 22.05, P/S Ratio: 1.88, P/B Ratio: 4.50, Dividend Yield: 3.26%.

Source: The Best Dividends On June 20, 2012